Mobile Payments systems Archives

Mobile payments marketplace in US prepares for two major systems

10/18/201310/15/2013 Jesse Collins

The announcements we reported to you from Money2020 last week have the U.S. waiting for the rollout. Last week, we brought the latest announcements from Money2020, as they were happening, including the announcement of two major mobile payments systems, the technologies that they would be using, and the fact that they are both preparing to launch in the United States very soon. These services claim that they will make transactions more appealing to both merchants and consumers. It was also clear that in the mobile payments universe, the winners were…

Mobile payments make up a third of the business at Braintree

09/24/201309/23/2013 John Montgallo

The company has now revealed that it is experiencing massive growth in processing these transactions. According to the latest data that has been released by Braintree, it is now processing an annual $4 billion in transactions over mobile payments, which represents a tremendous third of the total annual processed transactions from the company, which is $12 billion. Braintree is racing along in terms of rapid scaling in order to beat out other platforms, such as Stripe. The total amount of mobile payments has managed to experience a quadrupling at Braintree…